Our new Altman Z-Score Calculator model for Excel allows you to calculate an Altman Z-Score for multiple manufacturing and non-manufacturing companies. What is an Altman Z-Score? It is a metric for predicting bankruptcy in companies.
According to Wikipedia:
“The Z-score formula for predicting bankruptcy was published in 1968 by Edward I. Altman, who was, at the time, an Assistant Professor of Finance at New York University. The formula may be used to predict the probability that a firm will go into bankruptcy within two years. Z-scores are used to predict corporate defaults and an easy-to-calculate control measure for the financial distress status of companies in academic studies. The Z-score uses multiple corporate income and balance sheet values to measure the financial health of a company.”
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